• 4 hours Russia Approves Profit-Based Oil Tax For 2019
  • 8 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 10 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 12 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 14 hours Aramco In Talks With Chinese Petrochemical Producers
  • 15 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 16 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 23 hours Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 1 day UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 1 day Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 1 day Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 2 days Oil Prices Rise After API Reports Major Crude Draw
  • 2 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 2 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 2 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 3 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 6 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 6 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well

Here's The Next Thing in Shale

Here's The Next Thing in Shale

We've talked about unconventional gas drilling underway in Chile. Now it appears another Latin American nation wants to get in on the act: Brazil.

U.S. Energy Secretary Ernest Moniz talked shale during a visit to Brazil this weekend. Moniz noted that U.S energy companies are eager to use their unconventional expertise to help exploit Brazil's resources.

His comments were undoubtedly spurred by Brazil's upcoming November oil and gas bid round. The auction will be the first in the nation's history aimed at unconventional resources.

There is certainly geologic potential here. Earlier this year, state hydrocarbon agency ANP estimated that Brazil may hold over 500 trillion cubic feet of unconventional gas reserves.

The upcoming bid round will feature 240 blocks in both frontier basins and established producing areas.

Like Chile, Brazil has a well-established industrial sector. Which could provide the sort of services support needed to make shale gas economic.

In fact, Brazil may be an even better place for shale. By virtue of the country's well-established conventional hydrocarbon sector. And the built-up services industry that drives it.

The gas market here is reasonable. With Brazil in fact looking to increase domestic supply and move away from expensive LNG.

With all these pluses, this might be a place where shale can work. We'll see what the bidding is like November 28 to 29.

Here's to the new shale frontiers,

By. Dave Forest




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News